Washington Capital Management Inc. purchased a new position in shares of Compass Minerals International, Inc. (NYSE:CMP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 5,600 shares of the basic materials company’s stock, valued at approximately $405,000.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Compass Minerals International by 22.8% during the second quarter. BlackRock Inc. now owns 3,532,489 shares of the basic materials company’s stock worth $230,671,000 after buying an additional 656,762 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Compass Minerals International by 1.4% during the second quarter. Vanguard Group Inc. now owns 3,040,104 shares of the basic materials company’s stock worth $198,519,000 after buying an additional 41,002 shares in the last quarter. State Street Corp grew its position in shares of Compass Minerals International by 23.3% during the second quarter. State Street Corp now owns 1,615,191 shares of the basic materials company’s stock worth $105,474,000 after buying an additional 305,111 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Compass Minerals International by 32.2% during the third quarter. Janus Henderson Group PLC now owns 1,486,825 shares of the basic materials company’s stock worth $96,495,000 after buying an additional 361,985 shares in the last quarter. Finally, River Road Asset Management LLC grew its position in shares of Compass Minerals International by 19.6% during the third quarter. River Road Asset Management LLC now owns 871,528 shares of the basic materials company’s stock worth $56,562,000 after buying an additional 142,884 shares in the last quarter.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Monness Crespi & Hardt raised shares of Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Compass Minerals International in a report on Wednesday, November 1st. Finally, TheStreet raised shares of Compass Minerals International from a “c+” rating to a “b” rating in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Compass Minerals International presently has an average rating of “Hold” and a consensus price target of $73.60.

Compass Minerals International, Inc. (CMP) traded up $0.05 during trading on Thursday, reaching $74.65. 213,600 shares of the company’s stock were exchanged, compared to its average volume of 318,106. The firm has a market capitalization of $2,523.53, a P/E ratio of 17.56 and a beta of 0.51. The company has a current ratio of 2.52, a quick ratio of 1.18 and a debt-to-equity ratio of 1.70. Compass Minerals International, Inc. has a 1 year low of $59.72 and a 1 year high of $84.40.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, October 30th. The basic materials company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.20). The business had revenue of $290.70 million during the quarter, compared to analyst estimates of $323.76 million. Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. The business’s revenue for the quarter was up 61.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. research analysts predict that Compass Minerals International, Inc. will post 2.56 EPS for the current year.

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Compass Minerals International Profile

Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.

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Institutional Ownership by Quarter for Compass Minerals International (NYSE:CMP)

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